CUNA Plans One More Major Push For MBL Bill

WASHINGTON – CUNA is expecting as many as 500 credit union executives and small business owners to Hike the Hill in the days following Thanksgiving as a final effort to land the member business lending bill during Congress’s lame duck session.

The unusually large fly-in is being organized with a number of business lobby groups, including the National Small Business Association, National Cooperative Business Association, Small Business Majority, the Competitive Enterprise Institute, R. Street Institute, American Consumer Institute, Forest Resources Association and Freedom Action, who support the credit unions’ efforts to increase commercial lending.

The extraordinary lobbying effort comes as progress is stalled on the bill to raise the 12.25% of assets business loan limit to 27.5%, and as Congress is deliberating a limited number of issues in the post-election session, known as lame duck.

CUNA officials say representatives from 28 states currently are expected for the Nov. 27 and 28 sessions, in which they will solicit members of Congress and their staffs on the MBL bill.

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